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To conduct business under the MTSA, what must the entity already engaged in the business or wanting to enter the business do?

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To conduct business under the MTSA, what must the entity already engaged in the business or wanting to enter the business do?

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Answer To conduct business under the MTSA, the entity must be licensed under this act by December 31, 2006 or have a class 1 license under the Consumer Financial Services Act, 1988 PA 161, MCL 487.2051 to 487.2072.

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